Skip to main content

About your Search

20130801
20130831
STATION
CNBC 12
CSPAN 7
CSPAN2 3
FBC 3
KQED (PBS) 1
KRCB (PBS) 1
LANGUAGE
English 28
Search Results 0 to 27 of about 28 (some duplicates have been removed)
CNBC
Aug 26, 2013 3:00pm EDT
talk beginning. that's when mr. bernanke said, well, it was a possibility to begin tapering towards the end of the year and maybe finish completely our program of buying bonds in the middle of 2014. that caused a 7.5% decline in the s&p from the high to the low towards the end of june. there was the whole june swoon thing. bottom line is mr. bernanke got better at communicating what they were thinking. the markets came off the bottom. look at july and august. we rallied. 9.5% rally from the ral by to the historic highs we had and that was the very beginning of august. once again, we have been sputtering around trying to figure out whether the taper will begin. the bottom line is most of the traders down here betting when tapering begins, it is a taper-light form. not an aggressive stance and i think that's where it's going right now, guys. bottom line, new home sales, the numbers of durable goods, argue at best for a taper light. back to you. >> thank you very much. we have had the fractional gains today a. narrowly traded day for the major averages in the stock market and as i said
CNBC
Aug 27, 2013 1:00pm EDT
to be difficult for mr. bernanke to keep a straight face and say this is a data driven decision. unless he gets a miracle with the payrolls, i think it's going to be tough to justify tapering. >> we'll leave it there. thank you very much. ahead on the show, winners on the down day for the dow. >>> we're now down 123 points. obviously front and center what's going to happen with syria. my suspicion is the news that will more likely like out from potential european partners be that the french or british, but we'll watch over the next 24 hours of those individual stocks on the move today, sears was higher on section overall but it is a fairly broad based move down. financials on the back of that. semiconductors have been hit quite badly. >> jc penny was up considerably earlier on and it has lost that strength barely holding onto the green. interest rates have been moving to the downside. part of that is the flight to safety with the worries over what's possible to happen in syria perhaps later this week or weekend. declining interest rates and stocks, which you usually don't see. >> it's our job t
CNBC
Aug 16, 2013 3:00pm EDT
, and even if mr. bernanke is not there, all traders want to know is tell us what the right level for the 10-year should be. >> how do we not know? the market is the market, right, bob? i mean, come on. >> i'll tell you why we don't know. we have modest -- [ overlapping speakers ] do you think the yield on the 10-year is going up because they're expecting tapering earlier rather than later? i know you are. >> yes, absolutely, the yield is moving because of that. again, the markets tend to overreact. i think it will prove to be an overreaction to the initial tapering. eventually, we'll get above 3%. sure. >> but, ben, we have modest economic growth. 1.5% on the gdp. >> absolutely. >> inflation is below -- >> preaching to the choir. >> my heavens, if this continues, do you really think we should be north of 3% on the 10-year yield? i don't. but apparently the market seems to believe this. >> i think the market is heading to 3%, yes. >> -- components, what about the inflation component? >> the data we saw this week goes to the idea that there will be a tapering. now, it's a question of the deg
CNBC
Aug 16, 2013 7:00pm EDT
hole. mr. bernanke is not making any speeches. >> he's near the exit door. he doesn't care. >> what i worry about is what mike just said, rising bond yields, lack of clarity from the fed, lack of certainty around tapering which is not tightening. >> he got me in my heart. >> ed, are we not buying the dips? what happened in >> right now the pressure is there and there's a lot of smart people. getting out of the way. it's going lower. >> ron, what else could the fed, $85 billion. if they went from $85 billion of buying ibm to zero how is that not heightening? >> they are reinvesting proceeds and continuing to buy and then if they taper they will take down 10 or 20 billion a month. the fed is not in true terms tightening and quite frankly they still should be given inflation levels are falling around the world and deflation -- >> that's nonsense. >> if you look at every inflation indicator -- >> let's be polite. let's ask him a leg question. we got time for this? >> i don't have time for this. you guys have to move on and we'll talk about who is starting for the jets tomorrow night. >> t
CSPAN
Aug 18, 2013 10:35am EDT
? of course not. of course not. the reason why this recovery has been so uneven in my view is that mr. bernanke gave the major financial institutions free money and you do not get free money when you go out and sell a house to someone for their rich. they do not get free money. that is wrong. what the major financial institutions are doing in making record profits and people like you and people you are serving are struggling. now we want to continue in existence fannie mae and freddie mac who were major perpetrators i find mind-boggling and -- if they people were trying to get a mortgage, jpmorgan, that would be different. but it has an uneven recovery. wall street is making record profits. we have businesses and homeowners who are struggling. i may sound like a communist, but the fact is this is becoming a very uneven recovery, and that is wrong. middle-income americans and lower-income americans are not getting the benefit of this recovery. and we got to look at why not, and we got to look at these big we had hearings, thanks to senator levin, on morgan's whale trade. they lost $6 b
FOX Business
Aug 21, 2013 4:00pm EDT
became in town and it can only do so much. and -- adam: larry, you talk about the only gale in town, mr. bernanke on his way out he used to chastise and scold congress for not getting fiscal house in order. does the fed watch the debt picture of the federal government or do they leave that to politics? >> no, they absolutely watch it and everything they do, as far as when they come up with a program like this where they're purchasing treasurys, that of course has to be coordinated with the treasury. they have to know how much issuance there is going to be so they know how much of the market they expect they will be buying up. so they very closely have to pay attention to what's going on with the budget. they have to pay attention how much bond issuance there is. but they have said over and over, if you dope have strong fiscal policy, which sometimes mean you got to have stimulus sometimes, which, you know, we had a big program back in 2009. that lasts for a couple of years. economy is barely above stall speed. we're at one 1/2, 2% and without the fiscal help needed in there it will stal
CNBC
Aug 27, 2013 11:00pm EDT
on is the damage that washington causes. memo to mr. bernanke, you have to come out and say tomorrow, that you will not do anything about tapering until the debt ceiling and the budget is taken care of. they are all about making everyone feel like they should do nothing but hanker down, right at this time, we are also going to get the news of the new fed chair. i'm still worrying about how the president gave bernanke the boot after helping the country. here is your hat, what's your hurry. so, we could get maximum confusion as the it goes into disagreement about the new fed chief. and that is not good for the market. summers is not a uniter, he is a divider. intrigue we do not need. these negatives are not yet priced in the market but they could slow the u.s. economy and when the economy slows, interest rates go down and that's an unmitigated positive, even if we get there by man made, man made, man made events. what a shame that this is happening now since we were enjoying the chinese and european turn arounds. fruits that made it less important that the u.s. has a overall growth course. what
CNBC
Aug 1, 2013 6:00am EDT
. and talking to the market like mr. bernanke does. unfortunately, he didn't tell us how long an extended period actually means as far as keeping rates low here at the ecb. we're hoping to get a bit more finessing on the message. is it 12 months, 18 months, 24 months, does it depend on unemployment rate, does it depend on cpi rate? that's what we're hoping for. little more guidance on the forward guidance. plus, they also have thrown in this idea, joe, that we're going to start seeing how individual members voted. there are 17 members on this governing council. and at the moment, to spare their blasses, they're not going to release the results of the voting patents for 30 years. now they say maybe we need to be more transparent with the market and start showing them how individual members voted. that's what's been suggested. we'll come up with the meeting. we'll look out for that. as far as rates are concerned here, the key rate is, what, .5, no one is expecting there to be a change here. we had better manufacturing pmis out of the core european members, about an hour or so ago. that's possibly
CSPAN
Aug 11, 2013 7:45pm EDT
. if you listen to speeches given by the chairman of the federal reserve, currently mr. ben bernanke, they'll tell you that's what their goal is. if they can't get there, if there's a little bit of depolice deflation in the market in the they want to print for more money to achieve that target. bob's roadway action at first is incredible use. he can't believe the strategy is in place. they turn on us. they don't believe that the banks actually have that strategy in place. the second thing that bob does is starts to panic and speculating in the stock market. we have products that will help them do that too. we try to educate bob and his friends that there is a badness about the monetary work -- world that is working against him. the dollar, or the hundred dollars he saves today in twenty years' time will be worth 40 cents. what does that mean? it means that what costs $16 $100 of the money he saved will cost $400 or $500 in that much time. another response we often get is the dollar must be doing well because it's rising against the euro or against the yen because that's in the headline tha
FOX Business
Aug 30, 2013 1:00pm EDT
in the tapering process has already begun. i think that is on the fed's mind as well. ashley: i'm sure mr. bernanke would like to oversee that before he actually leaves. hank smith, thanks for joining us. we appreciate. >> it another great point why it will start in sent september, exactly. tracy: quarter past. we have to check on these markets. lauren zimmmerman still on the floor of the exchanges. lauren we're still down 47 points. >> vix index, the fear is popping. that fear is seen in the way our sectors are trading. you have, only positive sector being consumer staples. energy, telecom, utilities they're holding on but the worst decliners and this goes to show you that, folks out there are a little bit fearful today. consumer discretionary and technology, down sharply. speaking of tech, i want to quickly look at two tech companies, blackberry and apple. both are down. blackberry we have a director of the company saying it could compete as a niche company in the global smartphone market. finally with apple, the stock is down today as well but today the trade-in plan goes into effect i
CNBC
Aug 1, 2013 9:00am EDT
phony to me debate about who is going to succeed mr. bernanke. you think it's all about floating a summers, putting other names out there is ultimately it will go to yellen. >> i think they want to change the yellen appointment to a yellen anointment and make sure that she is so beloved and necessary that everybody will accept her. i think the debate with all due respect around mr. summers began to look like a first round tko and that's why the president may have brought the topic up. it was interesting to hear they also threw in the name of don cohn who was greenspan's first choice to replace him. >> to replace greenspan instead of bernanke. what's the street's reaction to a don cohn? >> i think it's more of an intellectual exercise and supplies some fodder for the friends of fermentation away from worrying about the market. >> we have to give you guys something to talk about. >> something plausible and repeatable, yes. >> let's do ism. a lot of economists today say there's no way this number squares with a slow global growth environment. it's all about the auto shutdowns. we're
CNBC
Aug 2, 2013 6:00am EDT
the splashy headlines. i think we need to dig deeper. i welcome mr. bernanke an steve and the fomc committee monitoring some of the internals much more judiciously with regard to employment because they have such a vested interest now in using that as whether you call eight threshold, an inflexion point or an excuse to do qe. you can pick any of the three. >> i got a quick question of the taper for you guys. does the taper, does it matter what's going on politically in terms of whether it's larry summers or yellen or we have a pick? do we need a pick before the taper begins or ends? >> it's very unlikely. >> is that the time income this matter? >> i think it's very unlikely you get a pick before december 18th. will depend on the data, if the data are weak. i think the fed will follow through with their soft promise as they're guiding to us this guiding us to. that they shouldn't be giving us too many false signals. i think it's the data. >> why would you think that? >> i disagree. because i think it holds the cloud, the debate, the whole issue of how the market accepts or doesn't accept the
CNBC
Aug 7, 2013 6:00am EDT
hits 7%. taking a page from mr. bernanke's book in july. it stood at 7.8%. the guidance is similar to that issued by the federal reserve. >>> a check on your broader markets. the futures indicating what could be another down day. a bad day yesterday. same setup today. the dow opened 50 points, the nasdaq and s&p also implied lower. oil down a little bit. turned around a, little bit, a little firmer. the ten-year treasury note is what everybody is watching. 2.63% after a sharp spike over the last couple of weeks. yield tapered off the last few one week or so. the dollar is a story. yen strength, i know it sounds boring, guess what, everybody you talk to say the yen is driving the market because japan, japan had a terrible night, off 4%. the yen strength, six-week high there. currencies, got to like gold as well. the two are inextricably linked. >> markets ended down for a second straight session yesterday as fed jitter s continue to take hold. john silva from wells fargo securities and todd strethy. good morning to both of you. i want to start with this. janes hatzius saying to ben
CSPAN
Aug 15, 2013 5:00pm EDT
in my view is that mr. bernanke if the major financial institutions free money and you do not get free money when you go out and sell a house to someone for their rich. they do not get free money. that is wrong. what the major financial institutions are doing in making record profits and people like you and people you are serving are struggling. now we want to continue in existence fannie mae and freddie mac mark who were major perpetrators i find mind- boggling and the -- if they were giving the freeman did you and people were trying to get a jpmorgan, that would be different. but it has an uneven recovery. wall street is making reference profits. -- record profits. we have businesses and homeowners who are struggling. i may sound like a communist, but the fact is this is becoming a very i'm even recovery -- very uneven recovery, and that is wrong. middle income americans and lower income americans are not getting the benefit of this recovery. and we got to look at why not, and we got to look at these big -- we had hearings, thanks to whaler levin, on morgan's trade. they lost $6 bill
CSPAN
Aug 15, 2013 9:00pm EDT
. of course not. the reason why this recovery has been so uneven in my view is that mr. bernanke gave the major financial institutions free money and you do not get free money when you go out and sell a house to someone for their rich. they do not get free money. that is wrong. what the major financial institutions are doing in making record profits and people like you and people you are serving are struggling. now we want to continue in existence fannie mae and freddie mac who were major perpetrators i find mind-boggling and -- if they people were trying to get a mortgage, jpmorgan, that would be different. house to someone for their rich. but it has an uneven recovery. wall street is making record profits. we have businesses and homeowners who are struggling. i may sound like a communist, but the fact is this is becoming a very uneven recovery, and that is wrong. middle-income americans and lower-income americans are not getting the benefit of this recovery. and we got to look at why not, and we got to look at these big we had hearings, thanks to senator levin, on morgan's whale tra
CSPAN
Aug 21, 2013 7:00am EDT
, and the costs and risks to mr. bernanke's phrase, or the clever damage, has become a concern. >> where to go for mayor? >> let me tell you what should happen and what's likely to have. it's important to make a difference. what should happen is we should have a political coming together, what we call the sputnik moment on the four things that this economy needs. and the problem is the political debate is very, very bobbled right now. we need structural reform. we need more balance aggregate demand. we need to deal with some debt overhang, some persistent behavior that undermines this economy. and we need some really good micro elements that have to do with education system, labor retooling, labor return. that's a we need to do. it's not hard to get political consensus. until we get there we are stuck at 2%, a and the longer we're stuck at 2%, the more potential growth, which you put at 3%, i would put that to put 5%, but the more potential growth is coming down because the problem is structurally embedded in this economy. look at long-term unemployment. >> the economy has changed a lot since
CSPAN
Aug 30, 2013 8:00pm EDT
to ben bernanke. mr. trumka spoke to reporters at the christian science monitor breakfast for one hour. >> here we go. i am dave cook from the monitor. thanks for coming. our guest is richard trumka, president of the afl-cio. he has brought a guest that he will introduce. he grew up in pennsylvania and followed his father and grandfather into the minds. he worked his way through penn state and earned a law degree from villanova. in 1982, he was elected president of the united mine workers of america. -- it was a job not without risks. i read that he and his wife were married in a small private ceremony after a threat on his life wanted a large public wedding to be canceled. he survived and went on to serve three terms. be secretary-n to treasurer of the afl-cio and became the youngest person to hold that position where he served for 15 years. he was elected president in september 2009. so much for biography, now to the portion of our program. we are on the record. fees, no live blogging or tweeting. no means of filing while the breakfast is underway. no embargo when the session is over
CSPAN
Aug 29, 2013 10:00am EDT
are going to have to deal with in the not-too-distant future. the federal reserve tapering process, how mr. bernanke or his decliner negotiates the in fed purchases, and then the fedmate divestiture of the assets and ultimately, i think, or to down the road, an increase in interest rates is going to be difficult for the markets to deal with as we are going to richard if growth were significantly higher, if growth were more normal, and the 3.5% range, it would be a much easier task here at we just got news today that the gdp report for the second quarter was up more than was expected. so it was buys up from 1.7% to about 2.5%, and that is good, but when you look at the component that drove that, it was not as good as it could have been, it was not a basically revision of the economy, it was an upward revision in structure. it was an actual decline in the trade balance. it was not really a good report. it was not a report that was a harbinger of better and more robust times to come. i'm not going to walk through the whole economy. i'm going to zip through to this chart, and then we will walk
CNBC
Aug 29, 2013 3:00pm EDT
. programs are doing. i totally agree with mr. lacquer and my question is, ben ber nac ber ooe wb /* ber ben bernanke, what are you afraid of? >> back when we had 4.9% at the end of 2011, they wouldn't have known we would follow through with periods of substantial weakness. we have a negative quarter at one point as well. >> exactly. so since this is the anniversary, fifth year of the crisis, if sustainability can't keep it there but we are still at mediocre but solid growth, then i just don't see the point of the program. if the point of the program is to keep rates throw, 275 ten-year isn't a 160. market's ahead of the fed. >> thanks, guys. appreciate your thoughts on the markets action today. it has been an up and down week so far and we aren't finished yet. dominik chu at the market. dom? >> it verizon. shares are off their session highs but still up over well over 2% on the heels of talks between them and british telecom giant, vodafone. want it buy the 45% of verizon wireless it doesn't already own and wants it buy it from vodafone. on the down side you have big oil names. exxonmobil,
CNBC
Aug 19, 2013 4:00am EDT
in jackson hole, wyoming, for the federal reserve's annual economic summit. but ben bernanke is not attending. i hear that mark carney and mr. draghe won't be attending either. some say this could be quite a boring summit this time around. >>> let's give you a look at what's on this week's agenda in the united states. on wednesday, existing home sales for july are out at 10:00 a.m. eastern. the federal reserve will release minutes from july's fomc meeting. investors will be looking to hear any clues as to when and how the fed will begin to taper its stimulus program. thursday, weekly jobless claims are out and the federal housing finance agency's home price index for june is out at 9:00 a.m. and the federal reserve kicks off its annual economic summit in jackson hole, wiwiryoming, a just discussed. and friday, new home sales come out for july. zane brown, thank you for joining us this morning. how much in terms of news flow or new information do you expect to come out of the fomc minutes on wednesday? >> well, i doubt that we'll get a great deal because this meeting, of course, took place in
PBS
Jul 31, 2013 6:00pm PDT
on that balance, given how bad the economy si think you would expect him to continue the policies of bernanke, which may involve pulling back. but on regulatory things, i think there is a difference. mr. summers has become a symbol of the clinton-era deregulation of the financial markets and i think people objecting to him on substance, as opposed to personality-- which is a whole other issue-- are worried he is too close to wall street. he's actually been working for citybank in his years since leaving the white house-- and not skeptical enough of the banks and they think janet yellin would be more so. >> woodruff: i wanted to ask you about that. when it comes to the political leadership in the-- in this stee and wall street, how do they see janet yellin? >> i think a lot of them see janet yellin as the not larry summers. he seems to be a number of detractors among liberal democrats in the senate and house. a bunch of house women signed a petition today calling to the president to appoint janet yellin. but some of this is just kind of posturing. the real decision maker here is the president.
FOX Business
Aug 23, 2013 9:20am EDT
? >> ben bernanke is not here. somebody's got to represent the every man and i'm sitting in peter barnes' chair and feeling confident there. stuart: a great interview with mr. lockhart. >> to answer the question i'm with my wife meredith whitney and i know some of these people got to meet with the kansas city fed people. and we talk about google, what they did in kansas city about the hundred megabyte line and tech in kansas city. and i'm here as governor palin's husband. stuart: don't downgrade yourself. john, have a good time in the tetons. >> always great to talk to you, sir. stuart: the new samsung phone, 6.3 inches screen, you can't fit that in your pocket. we've got one on the set and our tech watcher is calling this thing quote, preposterous. you can check it out with us about 10:00 this morning eastern. bed, bath and beyond, bucking the trend and beating amazon in some areas on prices. come on in, bruce turkel. our branding guy. and i think it's bad news for amazon, isn't it? >> well, amazon isn't worried about what bed, bath and beyond does price-wise or today or tomorrow. they
FOX News
Aug 2, 2013 3:00am PDT
upkeep will be your downfall. brother geithner, bernanke, larry summers, whoever you are, wherever you are, she's smarter than you are. she never had any more than a second grade education. my friends dr. art laffer, mr. president, i know you're a big fox fan. laffer, his office opens at about 10:00 o'clock. call him. if you'll call him by about 11, do what he says by 1:30, this formerly great country of ours will get back on track by about 4. art laffer. >> steve: he's a brilliant economist. the people in detroit have a plan. they say, you know, we got to change things the way we're doing things right now. we're going to do a number of the retirees for the city of detroit, they currently have their own private health insurance, but sounds like they're going to push them into the obamacare exchanges to try to -- or medicare, medicaid, to save money. is that a good idea? >> they'll have plenty of room because of all the states who have opted out and we're even gog put that employer mandate. there will be a lot of room in the irs. here is the way they shift that around. it's like those t
Search Results 0 to 27 of about 28 (some duplicates have been removed)